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Forty Russian managers were surveyed about their newly founded entrepreneurial ventures. The respondents averaged 32 years of age and, although possessing mainly technical backgrounds, were involved in a variety of businesses not necessarily technical in nature. Most had adopted a highly opportunistic strategy for their new enterprises. Success was seen as requiring products and services of good quality, a capable workforce, financial stability, and a respected company image. Competent employees were rated as the major strength of their organizations. Profitability was the most important business objective. The government was viewed as the major source of problems encountered.